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    277 -Storage Units In Cyril Cyril, OK 73029

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    For Sale
    Contact for pricing

    18-unit storage facility, Hwy 277, Cyril, OK

    Property size:
    3,742 SF

    Property Features for 277 -Storage Units In Cyril

    General Information

    Property type
    Automotive properties
    Square Feet
    3,742 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Melissa Busse
    Melissa Busse

    Listing Agency: Insight Commercial Real Estate Listing Agent: Melissa Busse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents an 18-unit self-storage facility ideally situated on Highway 277 in Cyril, Oklahoma. The property, encompassing a 0.33-acre lot (14,374 square feet), boasts a total of 3,742 square feet of rentable space. The facility comprises fourteen 10'x28' units and four 5'x10' units, providing a diverse range of storage options to cater to various customer needs. Built in 1965, the property is zoned for commercial use and benefits from a strong location near established businesses such as Accel Gas Station, Budget Inn, and Daily Donuts, ensuring high visibility and potential for consistent occupancy. This multi-tenant property is offered as part of a larger portfolio sale, including three additional commercial properties and one residential property, for a total asking price of $1,599,000. The lease type is modified, and the property is currently operating under a multi-tenancy structure. This presents a compelling opportunity for investors seeking a well-established, income-generating asset in a convenient and accessible location. The property's strategic highway location and diverse unit sizes contribute to its strong potential for long-term profitability and growth. The sale includes all existing storage units and associated infrastructure. This is a turnkey operation ready for immediate income generation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Cyril
    County
    Caddo
    State
    Oklahoma
    Longitude
    -98.2006044
    Latitude
    34.8964555

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    FAQs

    What type of property is this?
    Automotive property - 18-unit storage facility, Hwy 277, Cyril, OK
    Where is this automotive property located?
    The property is located at 277 -Storage Units In Cyril Cyril, OK.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: Highway 277 location in Cyril, OK.; Part of a larger portfolio sale for $1,599,000.; 14,374 square foot lot.
    (580) 353-6100 Call to check price and availability
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    277 -Storage Units In Cyril Cyril, OK 73029
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Melissa Busse
    Melissa Busse
    (580) 353-6100
    Learn more
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